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Air New Zealand reports 90% net profit slump

Auckland, New Zealand - Due to decrease in demand and market variability

Air New Zealand today announced its results for the year ended June 30, 2009, reporting a 90% net profit slump compared to the previous year (from NZ$218 million -US$ 148 million- to NZ$21 million). The reason of this result are to be found in decrease in demand and market variability. "This result positions Air New Zealand as one of the top airline performers globally -said chairman John Palmer-...

AVIONEWS - World Aeronautical Press Agency - 1108599

AVIONEWS - World Aeronautical Press Agency
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